We’re taking The Big Take to Asia. Each week, Bloomberg’s Oanh Ha tells a story from the home of the world's most dynamic economies - and the markets, tycoons and businesses that drive the ever-shifting region. 

We’re taking The Big Take to Asia. Each week, Bloomberg’s Oanh Ha tells a story from the home of the world's most dynamic economies - and the markets, tycoons and businesses that drive the ever-shifting region.

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday, Thursday, and Friday

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday, Thursday, and Friday

Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation for interviews with the most interesting minds in finance, economics and markets.

Odd Lots

On Bloomberg’s Odd Lots podcast Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets, and economics. Join the conversation every Monday, Thursday, and Friday.

On Bloomberg&rsquo;s Odd Lots podcast Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets, and economics. Join the conversation every Monday, Thursday, and Friday.

Introducing: Big Take Asia

Greg Jensen was one of the earliest backers of both OpenAI and Anthropic, and at Bridgewater Associates, where he is the managing chief investment officer, he leads the hedge fund’s AI strategy. As an early adopter of the technology, he has a lot of thoughts on where things stand right now in terms of model capability and safety, as well as the broader economic impacts of AI. Just recently, he published an op-ed in the New York Times that proposes a “token tax,” to help mitigate the job losses that AI might cause. (Bridgewater predicts as much as 18% of US jobs might be displaced in five years.) We last spoke with Jensen in 2023, and so much of what we discussed then (like AI hallucinations) seems quaint now that models have come so far — capable of lying, cheating, and much worse. On this episode, Jensen tells us how Bridgewater is currently using AI, why there needs to be a stronger AI regulatory state, and why it feels like the AI discourse is starting to resemble the months before Covid-19 took over the world in 2020.

See Odd Lots live in Los Angeles!

Greg Jensen was one of the earliest backers of both OpenAI and Anthropic, and at Bridgewater Associates, where he is the managing chief investment officer, he leads the hedge fund&rsquo;s AI strategy. As an early adopter of the technology, he has a lot of thoughts on where things stand right now in terms of model capability and safety, as well as the broader economic impacts of AI. Just recently, he published an op-ed in the New York Times that proposes a &ldquo;token tax,&rdquo; to help mitigate the job losses that AI might cause. (Bridgewater predicts as much as 18% of US jobs might be displaced in five years.) We last spoke with Jensen in 2023, and so much of what we discussed then (like AI hallucinations) seems quaint now that models have come so far &mdash; capable of lying, cheating, and much worse. On this episode, Jensen tells us how Bridgewater is currently using AI, why there needs to be a stronger AI regulatory state, and why it feels like the AI discourse is starting to resemble the months before Covid-19 took over the world in 2020. See <a href="https://events.bloombergevents.com/event/ODDLOTSLA/summary">Odd Lots live in Los Angeles!</a>

Why Bridgewater's CIO Says AI's Human Extinction Risk Is Real

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/b614da06-213b-4d27-ae05-b4c101309140/transcript

If you walk into a local pharmacy in New York City, more likely than not, lots of the merchandise is locked behind closed doors as a measure to mitigate shoplifting. So how big is the “retail shrink” problem really? And why are stores willing to sacrifice customer experience to protect their inventory? According to today’s guest, the Home Depot’s VP of Asset Protection Scott Glenn, shoplifting is just the tip of the iceberg when it comes to retail theft. What is really bedeviling companies like the Home Depot is something called organized retail crime — heists by criminal outfits that seek to nab large quantities of merchandise that eventually ends up in the black market. Today, we speak with Glenn about the in-and-outs of organized retail crime, the retail shrink problem, and what stores are doing to bring down theft right now.

If you walk into a local pharmacy in New York City, more likely than not, lots of the merchandise is locked behind closed doors as a measure to mitigate shoplifting. So how big is the &ldquo;retail shrink&rdquo; problem really? And why are stores willing to sacrifice customer experience to protect their inventory? According to today&rsquo;s guest, the Home Depot&rsquo;s VP of Asset Protection Scott Glenn, shoplifting is just the tip of the iceberg when it comes to retail theft. What is really bedeviling companies like the Home Depot is something called organized retail crime &mdash; heists by criminal outfits that seek to nab large quantities of merchandise that eventually ends up in the black market. Today, we speak with Glenn about the in-and-outs of organized retail crime, the retail shrink problem, and what stores are doing to bring down theft right now.

The Rise of Organized Retail Crime at Big Box Stores

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ac7406bd-0582-4820-af93-b4c100274867/transcript

Hardly anyone nowadays seems to carry much cash, never mind carrying around a bunch of $100 bills. So why does the amount of physical cash in circulation — especially big denominations like the $100 bill — keep increasing? There's a pretty obvious answer. All those dollars are being laundered and used by criminal enterprises. In this episode, we speak with journalist Oliver Bullough, author of Everybody Loves Our Dollars: How Money Laundering Won, about this cash paradox. We discuss how cartels balance their books by trading drugs for farm equipment, the gigantic parallel financial system that undergirds global money laundering networks, and why money laundering resembles Renaissance-era banking.

Hardly anyone nowadays seems to carry much cash, never mind carrying around a bunch of $100 bills. So why does the amount of physical cash in circulation &mdash; especially big denominations like the $100 bill &mdash; keep increasing? There's a pretty obvious answer. All those dollars are being laundered and used by criminal enterprises. In this episode, we speak with journalist Oliver Bullough, author of Everybody Loves Our Dollars: How Money Laundering Won, about this cash paradox. We discuss how cartels balance their books by trading drugs for farm equipment, the gigantic parallel financial system that undergirds global money laundering networks, and why money laundering resembles Renaissance-era banking.

Why Money Launderers Love $100 Bills

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/bbee8dff-1ad3-4ccd-b707-b4bb00f7df11/transcript

Introducing: Big Take Asia

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